Bitcoin Technical Analysis: BREAKOUT IN PRICE AND VOLUME

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·@workin2005·
0.000 HBD
Bitcoin Technical Analysis: BREAKOUT IN PRICE AND VOLUME
<center>https://mentormarket.io/wp-content/uploads/2019/02/Analysis_Logo-Resize-1.png</center> <br/><h3>Bitcoin has broken above the $3,600 resistance, and is now testing $3,800. This breakout was backed by a very bullish increase in volume.</h3>
<img src="https://img.whaleshares.io/wls-img/workin2005/eeb8f840cb6bfe00be1b9e2681cf9443f90b56dd.png" alt="Screen Shot 2019-02-18 at 9.30.16 AM.png" />
<img src="https://img.whaleshares.io/wls-img/workin2005/166aef5c9174bccca4eb03e79cd32fbe48efe841.png" alt="Screen Shot 2019-02-18 at 9.31.51 AM.png" />
<h3>Looking at the daily MACD, we're seeing some slight bearish divergence. This suggests we could see a pull back. Should that happen, I’d watch for support around $3,700-$3,650.</h3>
<img src="https://img.whaleshares.io/wls-img/workin2005/6b914e9fb98d9d77e178a5b1ae20aea6fc621ccd.png" alt="Screen Shot 2019-02-18 at 9.42.56 AM.png" />
<h3>The daily chart also shows price breaking above the 50 day MA. If the daily candle closes above the 50 day MA, it’ll be a good indication this latest breakout has legs...at least temporarily.</h3>
<img src="https://img.whaleshares.io/wls-img/workin2005/a4fc656c230d6e5ee3cad5c5ea1416f8a74e3aae.png" alt="Screen Shot 2019-02-18 at 9.31.22 AM.png" />
<h3>Today’s video analysis is a little more in-depth. I discuss market psychology, where price may go next, traps to avoid and so much more. I hope you find it helpful.</h3>
<h2>Video Analysis:</h2>
<div class="wp-block-embed__wrapper">
https://youtu.be/CYXvIwgZzb8
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<p><em>If you don’t see the above video, navigate to TIMM (<a href="https://mentormarket.io/workin/">https://mentormarket.io/workin/</a>) or Steemit in order to watch.</em></p>
<h3><strong>I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!</strong></h3>
<h3><em>Workin</em></h3>
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